Filing Flows › OmniAb (OABI) › Q2 2026 › vs Q2 2025
OmniAb (OABI) Q2 2026 vs Q2 2025 (year over year)
OmniAb's revenue rose $9.5M (+244%) from $3.9M in Q2 2025 to $13.4M in Q2 2026. The biggest changes: License and milestone revenue +$8.3M (+666%); xPloration revenue +$553K (+91%); Service revenue +$537K (+28%).
OmniAb, Q2 2026: revenue $13.4M (+244% year over year), operating margin -49.5%, net loss $5.9M, operating cash flow $2.7M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 19.2% | -136.3% | +155.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| License and milestone revenue | $9.5M | $1.2M | $8.3M | +666% |
| Service revenue | $2.5M | $1.9M | $537K | +28% |
| xPloration revenue | $1.2M | $608K | $553K | +91% |
| Royalty revenue | $266K | $111K | $155K | +140% |
| Revenue | $13.4M | $3.9M | $9.5M | +244% |
| Other income, net | $425K | $463K | −$38K | -8% |
| Income tax benefit | $353K | −$119K | $472K | — |
| Net loss | $5.9M | $15.9M | −$10.0M | -63% |
| Costs & expenses | $20.1M | $20.2M | −$183K | -0.9% |
| Operating costs | $20.1M | $20.1M | −$64K | -0.3% |
| Research & development | $9.6M | $10.9M | −$1.3M | -12% |
| General & admin | $6.7M | $7.7M | −$1.0M | -13% |
| Other operating costs | $3.8M | $1.6M | $2.2M | +143% |
| Operating cash sources | $8.5M | $10.7M | −$2.2M | -20% |
| Depreciation & amortization | $3.7M | $4.6M | −$996K | -21% |
| Share-based compensation | $3.2M | $4.1M | −$952K | -23% |
| Working capital & other | $1.7M | $2.0M | −$243K | -12% |
| Net loss absorbed | $5.9M | $15.9M | −$10.0M | -63% |
| Operating cash flow | $2.7M | −$5.1M | $7.8M | — |
| Free cash flow (OCF − capex) | $2.6M | −$5.3M | $7.9M | — |
| Capital expenditures | $110K | $165K | −$55K | -33% |
Questions
How much did OmniAb's revenue grow year over year in Q2 2026?
OmniAb's revenue rose $9.5M (+244%) from $3.9M in Q2 2025 to $13.4M in Q2 2026.
What drove OmniAb's revenue change in Q2 2026?
License and milestone revenue +$8.3M (+666%); xPloration revenue +$553K (+91%); Service revenue +$537K (+28%).